An Inside Look Into HSBC’s Moorcroft Debt Collectors’ Letters to Bounce Back Loan Defaulters
BBL Blaggers
Musaffa Wadood Chowdhury, MC Advice Limited Director, Disqualified for 11 Years for Fraudulently Obtaining a Second £50,000 Bounce Back Loan
Directors who applied for Bounce Back Loans for ineligible firms face disqualification for defrauding the government’s support scheme. […]
BBL Complaints Upheld
HSBC Ordered to Pay Compensation for Wrongly Defaulting Bounce Back Loan, Ombudsman Upholds Complaint
HSBC defaulted a Bounce Back Loan, falsely accusing the recipient of fraud. The Ombudsman upheld the complaint, ordering compensation and condemning HSBC’s defamatory actions. […]
Special Reports
Government Acknowledges Certain Bounce Back Loan Lenders Repeatedly Entered Business Owners’ Details into the BBL Portal, Were Later Caught Attempting to Exploit the BBL Scheme, and Lost Their Guarantees – Resulting in Innocent Business Owners Being Wrongly Flagged as Suspected Fraudsters
The government admits some lenders’ portal misuse led to innocent Bounce Back Loan borrowers being wrongly flagged as fraudsters after guarantee losses. […]